Rare Book & Manuscript Library
 

George Leslie Harrison papers on the Federal Reserve System, 1920-1940

Series I: Binders

Note: With notes by Jane Bogardus

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Subseries I.1: S.P. Gilbert



Box 1 Binder 1 Between Gilbert ((Agent Gen., Reparations Payment) and various FRBNY officers, including Jay, Burgess, McGarrah, and Harrison. Many are marked "Strictly Confidential". Subjects: Reparations, B.I.S., Bank of England; dealings with J.P. Morgan and Gov. Norman, March1926-May 1930


Subseries I.2: Bank for International Settlements


Cables:


Box 1 Binder 2 B.I.S. (mostly signed Fraser) to FRBNY; FRBNY to B.I.S.. Very few marked confidential. Subjects: B.I.S. organization and transactions; Many cables from FRBNY to B.I.S. are regular review of money market, 2, April 1930-December 1931



Box 2 Binder 3 B.I.S. (mostly signed Fraser) to FRBNY; FRBNY to B.I.S.. Very few marked confidential. Subjects: B.I.S. organization and transactions; Many cables from FRBNY to B.I.S. are regular review of money market, 1932/1933


Box 2 Binder 4 B.I.S. (mostly signed Fraser) to FRBNY; FRBNY to B.I.S.. Very few marked confidential. Subjects: B.I.S. organization and transactions; Many cables from FRBNY to B.I.S. are regular review of money market, 1934/1935


Box 2 Binder 5 B.I.S. (mostly signed Fraser) to FRBNY; FRBNY to B.I.S.. Very few marked confidential. Subjects: B.I.S. organization and transactions; Many cables from FRBNY to B.I.S. are regular review of money market, 1936-1938


Subseries I.3: Reichsbank (Germany)


Cables:



Box 3 Binder 6 Reichsbank to FRBNY. Marked "Confidential to Governor". Many signed by Schacht. Subjects: Transactions for accounts of Reichsbank; FRBNY series of cables on money market, 6, September 1925-December 1930


Box 3 Binder 7 Reichsbank to FRBNY. Marked "Confidential to Governor". Many signed by Schacht. Subjects: Transactions for accounts of Reichsbank; FRBNY series of cables on money market, 7, January -December 1931



Box 4 Binder 8 Reichsbank to FRBNY. Marked "Confidential to Governor". Many signed by Schacht. Subjects: Transactions for accounts of Reichsbank; FRBNY series of cables on money market, 1932-1933


Box 4 Binder 9 Reichsbank to FRBNY. Marked "Confidential to Governor". Many signed by Schacht. Subjects: Transactions for accounts of Reichsbank; FRBNY series of cables on money market, 1931-1935


Box 4 Binder 10 Reichsbank to FRBNY. Marked "Confidential to Governor". Many signed by Schacht. Subjects: Transactions for accounts of Reichsbank; FRBNY series of cables on money market, 1936-1938


Subseries I.4: Bank of England


Cables:



Box 5 Binder 11 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, 1922-1924


Box 5 Binder 12 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, January -August 1925



Box 6 Binder 13 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, September 1925-March1926


Box 6 Binder 14 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, April 1926-March1927



Box 7 Binder 15 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, April -August ., 1927


Box 7 Binder 16 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, September 1927-June 1928



Box 8 Binder 17 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, July 1928-February1929


Box 8 Binder 18 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, March-December 1929



Box 9 Binder 19 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, January -December 1930


Box 9 Binder 20 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, January -December 1931



Box 10 Binder 21 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, January -December 1932


Box 10 Binder 22 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, January -December 1933



Box 11 Binder 23 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, 1934-1935


Box 11 Binder 24 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, 1936-1937



Box 12 Binder 25 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, 1938/1939


Box 12 Binder 26 Between Bank of England and FRBNY; many marked "Strictly Confidential for Governor"; many Bank of England signed Norman and FRBNY signed Strong. Subjects: Wide range, but mostly transactions of Bank of England with FRBNY, U .S. commercial banks, or other foreign central banks, January -December 1940


Subseries I.5: Bank of France


Cables:



Box 13 Binder 27 Between Banque de France and FRBNY; some Banque de France are marked "Confidential for Governor" and signed Moreau, Quesnay, or Rist; FRBNY signed Strong or Harrison. Subjects: Mostly Banque de France account transactions with FRBNY, U.S. commercial banks and other foreign central banks, October 1926-March1929


Box 13 Binder 28 Between Banque de France and FRBNY; some Banque de France are marked "Confidential for Governor" and signed Moreau, Quesnay, or Rist; FRBNY signed Strong or Harrison. Subjects: Mostly Banque de France account transactions with FRBNY, U.S. commercial banks and other foreign central banks, April 1929-December 1930



Box 14 Binder 29 Between Banque de France and FRBNY; some Banque de France are marked "Confidential for Governor" and signed Moreau, Quesnay, or Rist; FRBNY signed Strong or Harrison. Subjects: Mostly Banque de France account transactions with FRBNY, U.S. commercial banks and other foreign central banks, 1931


Box 14 Binder 30 Between Banque de France and FRBNY; some Banque de France are marked "Confidential for Governor" and signed Moreau, Quesnay, or Rist; FRBNY signed Strong or Harrison. Subjects: Mostly Banque de France account transactions with FRBNY, U.S. commercial banks and other foreign central banks, 1932-1933


Box 14 Binder 31 Between Banque de France and FRBNY; some Banque de France are marked "Confidential for Governor" and signed Moreau, Quesnay, or Rist; FRBNY signed Strong or Harrison. Subjects: Mostly Banque de France account transactions with FRBNY, U.S. commercial banks and other foreign central banks, 1934/1935


Box 14 Binder 32 Between Banque de France and FRBNY; some Banque de France are marked "Confidential for Governor" and signed Moreau, Quesnay, or Rist; FRBNY signed Strong or Harrison. Subjects: Mostly Banque de France account transactions with FRBNY, U.S. commercial banks and other foreign central banks, 1936-1938


Subseries I.6: European Trips



Box 15 Binder 33 B. Strong; P. Jay; J. E. Crane; G. L. Harrison:--Incoming and outgoing cables; many marked "Confidential for Governor". Subjects: Business in connection with visits to foreign central banks; many cables between Governor Norman and Governor Strong concerning the condition of various European central banks, particularly the Netherlands Bank, 1926



Box 16 Binder 34 W. R. Burgess; J. E. Crane; Norman H. Davis; Chas. S. Dewey.; F. Abbot Goodhue; G. L. Harrison; L. W. Knoke; G. McGarrah; Jacques A. Mitchell; Chas. Rist; Sheehan, Lamb & Penn; O. M. W. Sprague; W. W. Stewart; John H. Williams; O. D. Young; A. Sproul; A. H. Wiggins; B. Strong:--Incoming and outgoing cables; many marked "Confidential for Governor". Subjects: Business in connection with visits to foreign central banks; many cables between Governor Norman and Governor Strong concerning the condition of various European central banks, particularly the Netherlands Bank, 1927-1932


Subseries I.7: Officers & Others


Box 16 Binder 35 Federal Reserve Bank officers while abroad. [See list of names for Binder 34], 1933-1935


Subseries I.8: Personal Cables


Box 16 Binder 36 Incoming and outgoing between McGarrah and Fraser at B. I. S. and Harrison; marked "Personal Harrison". Subjects: European financial and monetary situation, B.I .S., reparations, Young Plan, 1930 .-1935, 1930


Subseries I.9: Miscellaneous Cables



Box 17 Binder 37 Between 31 separate central banks (arranged alphabetically by name of bank) and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1925 -- 1932, 1925, 1932


Box 17 Binder 38 Between 31 separate central banks (arranged alphabetically by name of bank) and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1933 -- 1935, 1933, 1935



Box 18 Binder 39 Between 31 separate central banks (arranged alphabetically by name of bank) and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1936 -- 1939, 1936, 1939


Box 18 Binder 40 Between 31 separate central banks (arranged alphabetically by name of bank) and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1940


Subseries I.10: Banca D'Italia



Box 19 Binder 41 Between this bank and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1925-1932


Subseries I.11: DE Nederlandsche Bank


Box 19 Binder 41 Between this bank and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1925-1932


Subseries I.12: Swiss National Bank


Box 19 Binder 41 Between this bank and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1927-1932


Subseries I.13: Banca D'italia


Box 19 Binder 42 Between this bank and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY, 1933-1938


Subseries I.14: De Nederlandsche Bank



Box 20 Binder 43 Between this bank and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY De Nederlandsche Bank, 1933-1938


Subseries I.15: Swiss National Bank


Box 20 Binder 44 Between this bank and FRBNY; some marked "Confidential". Subject: Account transactions with FRBNY Swiss National Bank, 1933-1938


Subseries I.16: Conversations


Volume I:



Box 21 Binder 45 Memos from Gov. Harrison to Confidential Files, recording telephone conversations with foreign central bankers, particularly Gov. Norman and Sir Ernest Harvey. Also Treasury officials in Washington, and others. Records of conversations with foreign central bankers while Harrison was overseas. Subjects: Wide range, but mostly concerning FRBMY bank business, including open market operations, and foreign central bank business, including Bank of England credit, 1926-1931


Volume II


Box 21 Binder 46 Memos from Gov. Harrison to Confidential Files, recording telephone conversations with foreign central bankers, particularly Gov. Norman and Sir Ernest Harvey. Also Treasury officials in Washington, and others. Records of conversations with foreign central bankers while Harrison was overseas. Subjects: Wide range, but mostly concerning FRBMY bank business, including open market operations, and foreign central bank business, including Bank of England credit, 1932-1935


Volume III:



Box 22 Binder 47 Memos from Gov. Harrison to Confidential Files, recording telephone conversations with foreign central bankers, particularly Gov. Norman and Sir Ernest Harvey. Also Treasury officials in Washington, and others. Records of conversations with foreign central bankers while Harrison was overseas. Subjects: Wide range, but mostly concerning FRBMY bank business, including open market operations, and foreign central bank business, including Bank of England credit, 1936-June 1939


Volume IV:


Box 22 Binder 48 Memos from Gov. Harrison to Confidential Files, recording telephone conversations with foreign central bankers, particularly Gov. Norman and Sir Ernest Harvey. Also Treasury officials in Washington, and others. Records of conversations with foreign central bankers while Harrison was overseas. Subjects: Wide range, but mostly concerning FRBMY bank business, including open market operations, and foreign central bank business, including Bank of England credit, July -December 1939


Volume V:



Box 23 Binder 49 Memos from Gov. Harrison to Confidential Files, recording telephone conversations with foreign central bankers, particularly Gov. Norman and Sir Ernest Harvey. Also Treasury officials in Washington, and others. Records of conversations with foreign central bankers while Harrison was overseas. Subjects: Wide range, but mostly concerning FRBMY bank business, including open market operations, and foreign central bank business, including Bank of England credit, 1940


Subseries I.17: Discussion Notes


Volumes I, II, & III:


Box 23 Binder 50 Memoranda recording oral discussions concerning meeting of the FRBNY Board of Directors and the Executive Committee. Subjects: Credit policy, discount rates, purchase of Government securities, April 17, 1930-September 21, 1933


Volumes IV, V, & VI:


Box 23 Binder 51 Memoranda recording oral discussions concerning meeting of the FRBNY Board of Directors and the Executive Committee. Subjects: Credit policy, discount rates, purchase of Government securities, September 25, 1933-February14, 1937


Volume VII:



Box 24 Binder 52 Memoranda recording oral discussions concerning meeting of the FRBNY Board of Directors and the Executive Committee. Subjects: Credit policy, discount rates, purchase of Government securities, February11, 1937-November 28, 1940


Subseries I.18: Miscellaneous Letters & Reports


Volume I:


Box 24 Binder 53 Governor Harrison's copies of his bank correspondence, letters to Federal Reserve Board of Governors • Subjects: Mostly credit policy, discount rate, business conditions, 1920 -- 1931, 1920, 1931


Volume II:


Box 24 Binder 54 Governor Harrison's copies of his bank correspondence, letters to Federal Reserve Board of Governors • Subjects: Mostly credit policy, discount rate, business conditions, 1932-1933


Volume III:



Box 25 Binder 55 Governor Harrison's copies of his bank correspondence, letters to Federal Reserve Board of Governors • Subjects: Mostly credit policy, discount rate, business conditions, 1934-1936


Volume IV:


Box 25 Binder 56 Governor Harrison's copies of his bank correspondence, letters to Federal Reserve Board of Governors • Subjects: Mostly credit policy, discount rate, business conditions, 1937-1939


Volume V:



Box 26 Binder 57 Governor Harrison's copies of his bank correspondence, letters to Federal Reserve Board of Governors • Subjects: Mostly credit policy, discount rate, business conditions, 1940


Subseries I.19: Office Memoranda


Volume I:


Box 26 Binder 58 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, 1921-1927


Volume II:



Box 27 Binder 59 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, 1928-1931


Volume III:


Box 27 Binder 60 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, 1932-1933


Volume IV:



Box 28 Binder 61 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, 1934-1936


Volume V:


Box 28 Binder 62 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, 1937-1938


Volume VI:



Box 29 Binder 63 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, January -September 1939


Volume VII:


Box 29 Binder 64 Inter office memoranda between Harrison and Strong, Sproul, Burgess, etc. Also contains more memos to Confidential Files, recording telephone and verbal conversations, October 1939-1940


Subseries I.20: Special Memorandum


Volume I:



Box 30 Binder 65 Forty-two studies that seem to be multilithed copies of special memoranda written by FRBNY officers. Most are unsigned, but some are by Burgess, Roelse, Williams. Examples: "Notes on mechanism of market for treasury bills" by Burgess (1937); "Public spending as means to recovery" by Williams (1936), 1933-1938


Volume I:


Box 30 Binder 66 Forty-two studies that seem to be multilithed copies of special memoranda written by FRBNY officers. Most are unsigned, but some are by Burgess, Roelse, Williams. Examples: "Gold Problems" by Roelse (1939), 1939-1940


Subseries I.21: Supplements to the Special Memoranda



Box 31 Binder 67 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section I: "Organization of the Federal Reserve System"


Box 31 Binder 68 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section II: "Monetary Powers and Policies"


Box 31 Binder 69 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section III: "Gold and Foreign Exchange"


Box 31 Binder 70 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section IV; VI: "Supervision" and " Relations Among Supervisory Agencies"


Box 31 Binder 71 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section V: "Legal Status of Banks"


Box 31 Binder 72 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section VII: "Bank Earnings"


Box 31 Binder 73 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section VIII: "Bank Organization and Structure"


Box 31 Binder 74 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section IX: "Direct Loans of Reserve Banks to Industry (Philadelphia)"


Box 31 Binder 75 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section X: "Miscellaneous (Questions # 1, 2, & 5)"


Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):



Box 32 Binder 76 Part A): "Replies to certain questions in Part I of Questionnaire (Treasury Dept.)"


Box 32 Binder 76 Part B) "Ownership of the Federal Reserve Banks"


Box 32 Binder 76 Part C) "Taxation of Reserve Deficiencies"


Box 32 Binder 76 Part D) "The Gold Standard"


Box 32 Binder 76 Part E) "Causes of the Low Rate of 'Turnover of Bank Deposits"


Box 32 Binder 77 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Number 16: "International Monetary Organization and Policy"


Box 32 Binder 78 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Number 26: "Fiscal Policies" (2 copies)



Box 33 Binder 79 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Section 35: "List of Memoranda sent to Messr. Young, Sinclair, Parker, and Hamilton by Dr. Williams on Jan 14, 1940"


Box 33 Binder 80 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Number 36: "Committee of the President's Conference on Legislative Proposals"


Box 33 Binder 81 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Number 37: "Committee of the President's Conference on Legislative Proposals. Appendices"


Box 33 Binder 82 Supplements to the Special Memoranda (Indexed in Binders: 65 & 66):--Number 39: "Wagner Committee Questionnaire. Miscellaneous"


Subseries I.22: Governor's Conference


Volume I:



Box 34 Binder 83 Includes Index to Minutes, mimeographed record of meetings and decisions; from 19314 to 19140 includes the Secretary's minutes, marked "Confidential"; Volume IV includes the President's Conference, 1921-1926


Volume II:


Box 34 Binder 84 Includes Index to Minutes, mimeographed record of meetings and decisions; from 19314 to 19140 includes the Secretary's minutes, marked "Confidential"; Volume IV includes the President's Conference, 1927-1933


Volumes III & IV:



Box 35 Binder 85 Includes Index to Minutes, mimeographed record of meetings and decisions; from 19314 to 19140 includes the Secretary's minutes, marked "Confidential"; Volume IV includes the President's Conference, 1934-1940


Subseries I.23: Federal Open Market Committee

Note: Minutes (multilithed) of the Executive Committee of FOMC. Some marked "Preliminary draft", some "Revised draft."


Box 35 Binder 86 Volume I: Open Market Investment Committee, 1926-1930



Box 36 Binder 87 Volume II: Open Market Policy Conference, 1931-1933


Box 36 Binder 88 Volume III: Federal Open Market Committee, 1934-1936



Box 37 Binder 89 Volume IV: Federal Open Market Committee, March1936-December 1937


Box 37 Binder 90 Volume V: Federal Open Market Committee, February1938-December 1940


Subseries I.24: Banking Studies

Note: This multilithed set of spiral note books might be a preliminary draft of the Board Banking Studies (published in 1914)



Box 38 Binder 91 Vo1ume I


Box 38 Binder 92 Volume II


Box 38 Binder 93 Volume III


Box 38 Binder 94 Volume IV